Texas Energy Fund (TEF)
The Texas Public Utility Commission signed a sixth loan agreement through the Texas Energy Fund’s in-ERCOT loan program, up to $370 million for a new 455-MW gas-fired plant in the Houston area.
ERCOT staff told Texas regulators they plan to file two urgent protocol changes with the Board of Directors in their latest push to design a new ancillary service that further strengthens the grid’s resource adequacy.
Texas regulators approved ERCOT’s methodologies for determining minimum ancillary services for 2026 while hinting at the same time that they are considering discontinuing the use of conservative operations.
Texas regulators have approved the first transmission project in the Permian Basin Reliability Plan, along with several other projects.
The Texas PUC finalized a loan agreement with NRG Energy through the Texas Energy Fund’s in-ERCOT program for a 721-MW natural gas-fired plant in Houston’s dense petrochemical region.
Texas regulators have selected the first four projects eligible for more than $240 million in grants outside the ERCOT region as part of the state’s Texas Energy Fund.
NRG Energy closed on a $216 million loan from the Texas Energy Fund that will help it build 456 MW of gas-fired capacity at an existing power plant.
The Texas Public Utility Commission executed the first loan agreement under the state’s low-interest energy fund to the Kerrville Public Utility Board for a 122-MW natural gas plant.
The Texas Public Utility Commission has begun accepting applications for up to $1 billion in grants under one of the four Texas Energy Fund programs it administers.
Texas regulators have declined ERCOT’s request for an exemption from including certain loads without interconnection agreements in its forecasts until the grid operator fine tunes its methodology.
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